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Showing posts from June, 2022

Transformer-Based OCR

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  As you probably already know, Optical Character Recognition (OCR) is the electronic conversion of images of typed, handwritten, or printed text into machine-encoded text. The source can be a scanned document, a photo of a document, or a subtitle text imposed on an image. OCR converts such sources into machine-readable text. Let’s understand how an OCR pipeline works before we dig deeper into Transformer Based OCR. A typical OCR pipeline consists of two modules. 1. A Text Detection Module 2. A Text Recognition Module Text Detection Module Text Detection module as the name suggests detects where text is present in the source. It aims to localize all the text blocks within the text image, either at word level (individual words) or text line level. This task is comparable to an object detection problem only here the object of interest is the text blocks. Popular object detection algorithms include YOLOv4/5, Detectron, Mask-RCNN, etc. To understand Object Detection using YOLO  click here

Ask Infrrd #1: Effective OCR Partner for Mortgage

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  Recently, Infrrd launched  Infrrd for Mortgage , an AI-led intelligent document processing (IDP) solution specifically designed for the mortgage industry. Our announcement generated a lot of interest from mortgage providers of all sizes and led to a number of interesting conversations. Through these conversations, we discovered quite a few repetitive questions. These seem to be the common concerns among mortgage providers who have not had a good experience with using OCR for mortgage documents or have felt let down with the accuracy of automated processing. In this blog series, we answer these common questions and make the case for Intelligent Document Processing (IDP) solutions. Let us begin with the first question. Q: In the mortgage industry, what are the pros and cons of working with outsourced vendor partners to do data processing vs. investing in the automation process with technology solutions? A:  This is the question that we get asked the most. Many mortgage providers today